2. In 2011, Ryan Management collected rent revenue for 2012 tenant occupancy. For financial reporting, the rent is recognized as income when it is earned. However, for income tax reporting, the rent should be taxed when it is collected. The unearned portion of the rent collected in 2011 is $50 million. Taxable income for 2011 is $180 million. No temporary differences existed at the beginning of the year, and the tax rate is 25%. Prepare the appropriate journal entry to record income taxes for the year 2011